If you are planning to start trading, you will need the help of stockbrokers. Now, there are two types of brokers- the full-service brokers and the discount brokers. If you are dealing with huge money and want to be advised to know where to trade and which share to buy and when to sell, full-service brokers are the best there. While you are in the field, you will find lots of stockbrokers, promising the same things to you. How to pick the top 10stock brokers in India? Here is the list of the topnotch players in the field. Read on to know more about them-
- ICICI Securities
They are really one of the prominent names in the field. Their banking service has increased their reliability and presently, they have 7, 13,017 customers as per the recent updates of October 2017.
- Share Khan
They may come into the business late as it was established in 2000 by an entrepreneur, ShripalMorakhia. But, it took no time to get the top place among other stock brokers in India.
- HDFC Securities
This is a wing of HDFC bank that has an active customer base of 5, 16,545. They are famous for their trading platform, reliability, analysis team and customer support. They also provide the mobile app foriOS and Android platforms.
Though they started journey late, in 2010, they have secured their place on the top of the list and also won several awards for their services. The main difference betweenZerodha and its competitors is that the brokerage structure is 80% less than others.
- Axis Securities
This is a joint venture of Axis Bank where users can get the facility of 3 in 1 account. Their famous trading platforms are Direct Trade, Axis Direct Lite and Swift Trade Mobile Trading.
- Angel Broking
In comparison to the above competitors, Angel Broking is the pioneer. It was established in 1987 and they know how to approach their customers from small towns. There are certain products, offered by Angel Broking. They are Angel Eye, Angel Trade, Angel Speed Pro and Angel Swift. These are for online trading.
- Kotak Securities
This is the branch of Kotak Mahindra and it started its journey from 1994. They also offer a 3-in-1 account. Though in case of the banking sector, they have several areas to improve, while it is about stock brokerage, Kotak Securities are one of the best to secure 11.4 lakh customers untilSeptember 2017.
- MotilalOswal Securities
Though it was established in 1987, it has held immense popularity nowadays. Initially, it was not a full-service broker, but after 2000, the picture has changed and now they serve in 520 cities throughout India.
India Infoline Limited is an Indian diversified financial company. It has its headquarters in Mumbai. They are known for the highly skilled research team, best trading portals,and availability.
- Karvy Group
It is a Hyderabad-based company and the oldest in this list as it was established in 1983.
Here, you get a discussion over the best stock brokers in India. You can choose any of them while beginning trading.